Nasdaq Composite Index Records Longest Losing Streak in Over a Year Amid Chip Stock Decline and Geopolitical Worries

Nasdaq Composite Index Records Longest Losing Streak in Over a Year Amid Chip Stock Decline and Geopolitical Worries

Prepared by: Hisham Mukhana The Nasdaq Composite Index fell for the sixth consecutive session on Friday, recording its longest losing streak in more than a year. The move down comes as chip stocks decline, deepening the market’s recent woes related to geopolitical conflict and persistent inflation. The technology-heavy index fell 2.05% to 15,282.01 points, while … Read more

Merz Therapeutics to Acquire Two Drugs from Acorda Therapeutics in $185 Million Deal

Merz Therapeutics to Acquire Two Drugs from Acorda Therapeutics in $185 Million Deal

Merz Therapeutics GmbH, a subsidiary of the Merz Group (Frankfurt/Main), signed an agreement to acquire two marketed drugs from the NASDAQ-listed US company Acorda Therapeutics. The completion of the transaction will “significantly contribute to Merz Therapeutics’ accelerated growth strategy,” the company said. It is the second investment in a NASDAQ company in just over ten … Read more

European Markets Soar as Leonardo Takes Off, Banks Drive Piazza Affari – US Inflation and Wall Street Rally

Finance by Martina Soligo and Stefania Blasioli Leonardo takes off after the plan and then slows down, in Piazza Affari the banks are driving. Euro little moved. Spread down to 127 basis points at the end, lowest since November 2021 3′ reading (Il Sole 24 Ore Radiocor) – The European stock exchangeswith the FTSE MIB … Read more

Dell Technologies Soars, AI Semiconductor Stocks Drive New York Stock Market to All-Time Highs

Dell Technologies Soars, AI Semiconductor Stocks Drive New York Stock Market to All-Time Highs

[비즈니스포스트] All three major New York stock market indices rose. As the stock price of Dell Technology, an American PC and server manufacturer, soared and stocks related to artificial intelligence (AI) semiconductors rose, the S&P and Nasdaq indices once again set new all-time highs. ▲ On the 1st (local time), the New York stock market … Read more

European Stock Exchanges Soar as US Markets Gain Ground

2′ reading (Il Sole 24 Ore Radiocor) – Le European stock exchanges started off on the right foot in the first session of March, in the wake of the records set on Thursday by Wall Street and the new highs in Tokyo. US stock markets gained ground after “core” PCE inflation fell to 2.8% in … Read more

Nvidia’s Blowout Sales Forecast Sends Tech Stocks Soaring

Nvidia’s Blowout Sales Forecast Sends Tech Stocks Soaring

Nvidia’s Blowout Sales Forecast Fuels Global Tech Stock Gains Surge in Demand for AI Computing Hardware Boosts Nvidia’s Market Value (Name of News Website) – Nvidia Corp., renowned for its breakthroughs in artificial intelligence computing hardware, has made waves in global markets with its impressive sales forecast. The announcement has resulted in significant gains for … Read more

Wall Street Hits All-Time High: S&P 500 Reaches 5,000 for the First Time

Wall Street Hits All-Time High: S&P 500 Reaches 5,000 for the First Time

Jakarta, CNBC Indonesia – The United States (US) Wall Street stock exchange opened higher at the start of trading today. Where one of the Wall Street indexes managed to touch the All Time High (ATH) again or its all-time increase. In trading Friday (9/2/2024), the Dow Jones opened up 0.02% at the level of 38,731.97, … Read more

Financial Experts Doubt U.S. Federal Reserve Will Slash Interest Rates Soon

Financial Experts Doubt U.S. Federal Reserve Will Slash Interest Rates Soon

[비즈니스포스트] The prevailing opinion among experts is that it is nothing but a ‘foolish judgment’ to have expectations that the U.S. Federal Reserve System (Fed) will lower the benchmark interest rate in the near future. Since it is difficult to predict when an environment will be created for the Federal Reserve to pursue interest rate … Read more

European Bitcoin ETPs See Significant Outflows as US ETFs Gain Preference Among Institutions

European Bitcoin ETPs See Significant Outflows as US ETFs Gain Preference Among Institutions

Earlier this month, US bitcoin (BTC) spot ETFs were approved and have been available for trading since then. But what is less known is that such bitcoin products have been traded in Europe for some time. However, since the launch of the American bitcoin ETFs, these European ETFs have seen a significant outflow of capital. … Read more

US Stock Market Outlook 2024: Positive Growth and Economic Expectations

US Stock Market Outlook 2024: Positive Growth and Economic Expectations

All three major indexes are headed for gains in December and for all of 2023, as stocks build on recent gains and investors look forward to interest rate cuts from the Federal Reserve in the new year. The S&P 500 is up 4.4 percent this month and 24.2 percent year to date, while the Dow … Read more